iBwave Secures Private Investment

iBwave Catches the Interest of a Group of Canadian-Based Private Investors

Montreal, Canada – October 24, 2008 – iBwave Solutions, Inc. is proud to announce that it has secured an investment round with a group of private investors led by Mike Cegelski, iBwave’s Executive Chairman, in order to propel its business into the next decade. iBwave will benefit from this leverage to increase its strength in continually improving its best of breed solutions for its customers. 

Under the guidance of its worldwide customer base, iBwave has an aggressive plan going forward while it thrives to continually offer unsurpassed customer care. In the short term, iBwave aims to grow its business organically and plans to double its current worldwide team within the next 18 months.

“Today, we are widely regarded as uncontested leaders in in-building wireless planning and design.” says Mike Cegelski, “Now that we have proven our abilities to deliver high-return solutions to our customers around the globe, we will be investing even more in assuring them ever increasing value from our solutions”.

iBwave Design software suite has undeniably became the industry standard for indoor wireless planning and design, a momentous achievement for a relatively small organization covering a worldwide market” says Mario Bouchard, iBwave’s President & CEO, “Our customers are so enticed by the value of our solutions, that they are continually demanding more functionalities and capabilities. iBwave is persistently innovating its product line and we will be introducing new enterprise and internet-based solutions in the coming years”.

“We have invested in an organization that is clearly poised for success” says Nick Bélanger, managing partner at Groupe W, a Montreal-based private investor in iBwave, “They have demonstrated their ability to execute and we intend to support iBwave’s management in accelerating its achievements”.

The terms and conditions of the investment remain confidential although it is clearly understood that iBwave’s current management team and strategic road map will continue to be supported by its new shareholders. Current management preserves complete control over on-going operations.

About iBwave
iBwave Solutions, the standard for converged indoor network planning is the power behind great in-building wireless experience, enabling billions of end users and devices to connect inside a wide range of venues. As the global industry reference, our software solutions allow for smarter planning, design and deployment of any project regardless of size, complexity or technology. Along with innovative software, we are recognized for world class support in 90 countries, industry’s most comprehensive components database and a well-established certification program. For more information visit: www.ibwave.com

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